We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
This swing trade idea is based on the signals from CCI and other indicators listed on the chart (look at the orange squares) . Also notice that BB is set to 100 period and look at the price action from the past when OSG crossed the lower band of BB . Also look at the volume (best to see it on the daily chart)
$OSG is Jones Act oil tanker shipping company. It's a good long term investment as it trades at a low multiple, has a wide regulatory moat, and is a good acquisition candidate at a valuation range around $4-5 per share.
It's also been a very reliable swing trade for a few years. $OSG spikes to $2.50 every once in a while and can be sold and then bought back in...
We have the trend legs down and what appears to be a consolidation and contraction of price. I think we are in for a big move full on reversal to $4. Make sure you setup a few alerts and maybe volume alert.
This is highligh technical play with loads of false signals historically. We have a tripple depth break with very high volume happening after earning smonths, in line with historical performance. There is a cup like formation (dont like to say tea cup cause there is some details that need to line up perfectly to call it) with a neckline break on an ascencing...
Overseas Shipholding Group, Inc. engages in the provision of energy transportation services for crude oil and petroleum products in the U.S. Flag markets. It operates Articulated Tug Barges (ATB), lightering ATBs, shuttle tankers, Medium Range (MR) tankers, and non-Jones Act MR tankers that participate in the maritime security program. The company was founded in...
OSG - CONQUERED MAJOR RESISTANCE AT 3.05 SEVERAL DAYS BACK.
SWEET BULLISH RUN TO THE $4 MARK, WHICH IS ITS NEXT
RESISTANCE POINT. ENDING ON A BULLISH HAMMER, IF IT CAN BREAK
THE $4 MARK, WE COULD SEE NEXT RESISTANCE AT 4.64. THIS IS
A MORE RISKY PLAY B/C WE ARE SEVERELY OVERBOUGHT, BUT
THE MACD STILL LOOKS GOOD. WE MAY SEE A PULLBACK
BEFORE A FURTHER ADVANCE. ...
Technically OSG looks good long from current price. Moneyflow just crossed to the positive side, and it is going up holding above EMA lines.
Entry Target Criteria- Break of current label
Exit Target Criteria- $5.67
Stop Loss Criteria- $4.23
You can check detailed analysis on OSG in the trading room/ Executive summary link...